羊毛 (Wool) 加自选

新西兰基准标准普尔/NZX 50指数周二收于12917点，上涨0.3%，收复了前一交易日的失地，分销服务板块表现强劲。Vulcan Steel股价飙升4.0%，受其新西兰交易量最早在第二季度复苏的前景提振。此外，公用事业股普遍上涨，Meridian Energy上涨1.3%，Contact Energy上涨0.4%，Genesis Energy上涨0.7%。其他显著上涨的股票包括Vector（2.3%）、Ryman Healthcare（1.6%）和Precinct Properties（1.7%）。在全球方面，美国总统唐纳德·特朗普已下令对所有钢铁和铝征收25%的进口税，自3月4日起生效，这加剧了人们对贸易战可能升级的担忧。

New Zealand's benchmark S&P/NZX 50 index ended 0.3% higher at 12,917 on Tuesday, recovering losses from the previous session, amid strength in the distribution services sector. Shares of Vulcan Steel surged 4.0%, buoyed by its outlook for a recovery in trading volumes in New Zealand as early as the second quarter. Additionally, utility stocks were broadly higher, with Meridian Energy rising 1.3%, Contact Energy up 0.4%, and Genesis Energy adding 0.7%. Other notable gainers included Vector (2.3%), Ryman Healthcare (1.6%), and Precinct Properties (1.7%). On the global front, U.S. President Donald Trump has ordered a 25% import tax on all steel and aluminum, effective on March 4, heightening concerns over a potential escalation of the trade war.

澳大利亚于2月11日通过了一项新立法，为生产可再生氢气或加工关键矿物的公司提供税收优惠，旨在促进绿色产业发展，减少对中国供应链的依赖。从2027年7月开始，符合条件的生产商将获得每个项目长达10年的税收折扣。该立法还为精炼锂和镍等关键矿物引入了10%的生产税收抵免，也可长达十年。这些激励措施在10年内总计价值137亿澳元，是政府“澳大利亚制造的未来”政策的一部分。联邦能源部长Chris Bowen在一份联合声明中表示，税收减免对于“抓住净零转型的巨大经济和工业机会”至关重要。当地媒体称，该法案的通过受到了行业利益相关者的广泛欢迎。

Australia passed on February 11 new legislation to provide tax incentives for companies producing renewable hydrogen or processing critical minerals, aiming to boost green industries and reduce reliance on China’s supply chain. Starting in July 2027, eligible producers will receive tax discounts for up to 10 years per project. The legislation also introduces a 10% production tax credit for refining critical minerals like lithium and nickel, also available for up to a decade. Combined, these incentives are valued at AUD 13.7 billion over 10 years and are part of the government’s Future Made in Australia policy. In a joint statement, federal Energy Minister Chris Bowen described the tax breaks as critical to “seizing the vast economic and industrial opportunities” of the net-zero transition. The bill’s passage has been widely welcomed by industry stakeholders, local media said.

澳大利亚10年期政府债券收益率小幅下跌至4.42%，因投资者评估了最新的国内经济数据。2月份消费者信心略有上升，但由于对家庭财务和生活成本上涨的担忧，消费者信心仍然低迷。与此同时，尽管销售和盈利能力不佳，但1月份的商业情绪有所改善，达到了10月份以来的最高水平。这些数据是在澳大利亚储备银行下周做出利率决定之前公布的，人们普遍预计澳大利亚储备银行将在四年内首次降息。交易员目前预计，在潜在通胀缓解的迹象下，降息25个基点的可能性为95%。在全球方面，唐纳德·特朗普总统对美国钢铁和铝进口征收25%的关税，该关税将于3月4日生效。然而，在与澳大利亚总理通电话后，特朗普同意考虑免除澳大利亚的这些措施。

Australia’s 10-year government bond yield fell slightly to 4.42% as investors assessed the latest domestic economic data. Consumer confidence rose slightly in February but remained subdued amid concerns over household finances and the rising cost of living. Meanwhile, business sentiment improved in January, hitting its highest level since October, despite struggles with sales and profitability. These data came ahead of the Reserve Bank of Australia’s interest rate decision next week, where it is widely expected to deliver its first rate cut in four years. Traders are currently pricing in a 95% chance of a 25bps reduction, amid signs of easing underlying inflation. On the global front, President Donald Trump imposed a 25% tariff on U.S. steel and aluminum imports, which go into effect on March 4. However, following a telephone conversation with Australia’s Prime Minister, Trump agreed to consider exempting Australia from these measures.

周二，新西兰元跌至0.563美元左右，这是连续第三个交易日下跌，因为美元在最新关税发展后走强。唐纳德·特朗普总统下令对钢铁和铝进口征收25%的关税，该关税将于3月4日生效，加剧了人们对潜在全球贸易战的担忧。市场参与者也在密切关注美联储主席杰罗姆·鲍威尔周二和周三在国会的证词，以了解美联储的政策前景。此外，对新西兰储备银行下周将连续第三次大幅降息的日益增长的预期继续对货币构成压力。

The New Zealand dollar fell to around $0.563 on Tuesday, marking its third consecutive session of losses as the U.S. dollar strengthened following the latest tariff developments. President Donald Trump ordered a 25% tariff on steel and aluminum imports, set to take effect on March 4, fueling concerns over a potential global trade war. Market participants are also closely watching Federal Reserve Chair Jerome Powell’s testimony before Congress on Tuesday and Wednesday for insights into the central bank’s policy outlook. Additionally, growing expectations that the Reserve Bank of New Zealand will implement a third consecutive supersized rate cut next week continue to weigh on the currency.